The operator of the XPL address may further increase their holdings, with the current position valued at $903,000.

According to a report by Jinse Finance, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that four addresses deposited 10 million USDC into Hyperliquid to go long on XPL, with the source of funds related to the hedging sniper incident on August 27. Analysis shows that these addresses opened long positions worth $903,000 using only 20-30% margin, and are expected to further increase their positions.